Raymond James Lowers Finning International (TSE:FTT) Price Target to C$50.00

Finning International (TSE:FTT) had its target price cut by equities research analysts at Raymond James from C$52.00 to C$50.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 30.21% from the stock’s previous close.

A number of other brokerages have also commented on FTT. Royal Bank of Canada lowered their price objective on Finning International from C$50.00 to C$46.00 in a research report on Thursday. Scotiabank set a C$51.00 price target on shares of Finning International and gave the company an “outperform” rating in a research note on Wednesday, August 21st. CIBC lifted their target price on Finning International from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. TD Securities upgraded Finning International from a “hold” rating to a “buy” rating and upped their target price for the stock from C$43.00 to C$45.00 in a report on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on shares of Finning International from C$48.00 to C$50.00 in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$48.00.

Finning International Price Performance

Shares of Finning International stock traded up C$0.48 during trading on Thursday, hitting C$38.40. 384,643 shares of the company’s stock traded hands, compared to its average volume of 350,135. Finning International has a twelve month low of C$34.04 and a twelve month high of C$45.17. The company has a debt-to-equity ratio of 113.71, a current ratio of 1.55 and a quick ratio of 0.59. The firm’s fifty day moving average price is C$41.37 and its 200 day moving average price is C$40.84. The company has a market cap of C$5.36 billion, a PE ratio of 10.94, a PEG ratio of 0.56 and a beta of 1.55.

About Finning International

Finning International Inc sells, services, and rents heavy equipment, engines, and related products in Canada, Chile, Bolivia, the United Kingdom, Argentina, Ireland, and internationally. The company offers articulated trucks, asphalt pavers, backhoe loaders, cold planers, compactors, dozers, drills, electric rope shovels, excavators, hydraulic mining shovels, material handlers, motor graders, off-highway trucks, pipelayers, road reclaimers, skid steer and compact track loaders, track loaders, underground-hard rock, wheel loaders, and wheel tractor-scrapers, as well as mobile and stationary generator sets.